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Home >> Business
UPDATED: 07:56, November 15, 2004
China imports nearly 100 mln tons of crude oil Jan. to Oct.
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China imported a total of 99.59 million tons of crude oil during the January - October period amid continually rising international oil prices, according to China's General Administration of Customs.

Administration statistics show that the amount has already exceeded last year's total of 91.12 million tons.

China's rapid economic development has caused the rising consumption of oil, the administration said.

According to the International Energy Agency, China's crude oil imports could reach 120 million tons in 2004, the second most in the world after the United States.

The administration also said China imported 19.85 million tons of processed oil in the first half of 2004 and is expected to import 40 million tons by the end of the year.

Source: Xinhua


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